Copart, Inc. (NASDAQ:CPRT) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC cut its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,757 shares of the business services provider’s stock after selling 1,880 shares during the quarter. Pathstone Holdings LLC’s holdings in Copart were worth $6,590,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CPRT. WASHINGTON TRUST Co increased its holdings in Copart by 0.3% in the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after acquiring an additional 200 shares in the last quarter. Spinnaker Trust grew its position in shares of Copart by 4.0% in the second quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock valued at $283,000 after purchasing an additional 200 shares during the period. Values First Advisors Inc. increased its stake in shares of Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock worth $384,000 after purchasing an additional 201 shares in the last quarter. Duncan Williams Asset Management LLC increased its stake in shares of Copart by 1.3% during the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock worth $809,000 after purchasing an additional 203 shares in the last quarter. Finally, Burney Co. raised its position in shares of Copart by 1.4% during the 2nd quarter. Burney Co. now owns 15,001 shares of the business services provider’s stock worth $812,000 after purchasing an additional 206 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Price Performance

CPRT opened at $62.70 on Friday. The firm has a market capitalization of $60.40 billion, a price-to-earnings ratio of 44.15 and a beta of 1.27. The company’s 50 day simple moving average is $53.79 and its two-hundred day simple moving average is $53.21. Copart, Inc. has a 1-year low of $46.21 and a 1-year high of $62.90.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. On average, equities analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday. Robert W. Baird lowered their price target on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th.

Copart Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.